State and local governments would report leases based on the principle that leases are financings of the right to use an underlying asset, under a proposal GASB issued this week. The proposal would ...

Companies that own large pieces of equipment often choose to lease that equipment to other businesses. The company, or lessor, reviews the terms of each lease to determine how to record it in ...

In practice, the difference between a sales type lease and a direct financing lease is pretty minimal. Both types are considered capital leases, meaning the lessor finances the leased asset but all ...

The Governmental Accounting Standards Board has issued a proposal to establish a single approach for state and local governments to report leases based on the principle that leases are financings of ...

The Financial Accounting Standards Board voted to modify its leases standard so some companies won’t have to recognize a heavy loss at the beginning of certain types of lease contracts. The change, ...

Rochester Institute of Technology adopted the Financial Accounting Standards Board (FASB) new accounting guidance on leases FASB Accounting Standards Codification Section 842 ("ASC 842") on July 1, ...

The Federal Accounting Standards Advisory Board (FASAB) issued a proposal Monday that would change lease accounting for federal government entities. Proposed Statement of Federal Financial Accounting ...

Last year, the Governmental Accounting Standards Board (GASB) voted to defer the effective date of lease accounting standard GASB 87 to give public sector entities more time to adapt to the many ...

WASHINGTON – State and local governments should treat all leases as financings for the right to use an underlying asset, the Government Accounting Standards Board said Wednesday. Processing Content ...

In practice, the difference between a sales type lease and a direct financing lease is pretty minimal. Both types are considered capital leases, meaning the lessor finances the leased asset but all ...